Jun. 23 at 4:54 PM
$LYFT The most followed valuation narrative for Lyft puts fair value at about
$18.64 per share, compared with the recent US
$14.22 close. This flags a sizeable gap that hinges on specific growth, margin and discount rate assumptions across the next few years. The ongoing rollout and consumer adoption of autonomous vehicles backed by new partnerships with tech leaders like Baidu and operational capabilities in both the U.S. and Europe are expected to significantly expand Lyft's total addressable market (TAM), lower labor costs, and increase long-term gross margins and earnings.
